Nike set for weak quarterly sales growth as On, Hoka chip away market share

June 25 (Reuters) - Nike (NKE.N), opens new tab is set to post its slowest revenue growth in two years when it reports fourth-quarter results on Thursday, due to a lack of innovation amid growing competition from Deckers' (DECK.N), opens new tab Hoka and Roger Federer-backed On . At least seven brokerages have cut their price targets on Nike since the start of the month, with many expecting the sportswear maker to further cede market share to newer, more innovative brands.
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